Fidelity to Retake index Fund Management from
DeAM/TNT

The $25.6 billion acquisition by Fidelity will
significantly lower the amount of assets Northern Trust
Corp is to acquire from Deutshce’s Trust passive asset
management business, according to Reuters. The funds
represent about 21% of the $120 billion in total assets
Northern Trust said in September it would acquire
when it
purchased Deutsche’s passive asset management business.

Fidelity, which expects to begin management of the funds
on January 13, said it plans for the expense ratios of the
funds to remain the same.